EFCC Boss, Bawa Accused Of Shielding NIMASA DG Over Alleged Diversion Of N1.5Trillion,$9.8Million—-A civic organisation, Centre for Public Accountability (CPA) and Civil Society Partners, has slammed the Chairman of the Economic and Financial Crimes Commission (EFCC), Abdurasheed Bawa, for allegedly obstructing justice and shielding the Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Mr Bashir Jamoh.
The group alleged that the EFCC, under the leadership of Mr Bawa, has refused to carry out a thorough investigation into the alleged diversion of funds, to the tune of N1.5 trillion and $9.8 million by the DG of NIMASA.
Addressing journalists on Wednesday over Bawa’s comprised stand in the case, the group and its CSO partners called on President Muhammadu Buhari to direct the EFCC Chairman to allow the Independent Corrupt Practices and Other Related Offences Commission (ICPC), to take over Jamoh’s case.
CPA alleged that Bawa’s alleged compromise in the investigation may be connected to the scholarships Mr Jamoh reportedly gave to three siblings of the EFCC Chairman, namely Mustapha Bawa Yusuf, Bawa Hassan Ibrahim and Haruna Mustapha Bawa.
The Executive Director of CPA, Olufemi Lawson, who addressed journalists, stated in the text of the address obtained by SaharaReporters that the group views Bawa’s stands as maladministration and abuse of office.
1665231846216_MUSTAPHA BAWA YUSUF ADMISSION LETTER
Olufemi said, “Our focus and address today, is premised on the worrisome involvement of the Chairman of the EFCC, Mr Abdurasheed Bawa, whose actions, and abuse of office, is beginning to constitute an obstruction to the cause of justice.
“We have waited till today to see if the EFCC, under the leadership of Mr Bawa, will do the needful, as challenged by DG NIMASA himself, to carry out a thorough investigation, into the allegations of diversion of funds, amounting to the tune of N1.5 trillion and $9.8 m respectively, but till date, nothing visible to Nigerians, including our independent findings, has been done by the EFCC.
BAWA HASSAN IBRAHIM ADMISSION LETTER
“Recall that on May 21, 2021, an online newspaper, Point Blank published an exclusive story in which the newspaper alleged that the DG of NIMASA, Mr Bashir Jamoh, was involved in some shady deals, ranging from blatant corruption and abuse of office.
“We were pleasantly surprised when the accused Mr Bahir Jamoh openly challenged the EFCC to investigate him and make public his findings.”
Olufemi said regrettably, after more than a year, it has become a hide-and-seek game, as nothing has been heard, from the EFCC.
“It was during this period having followed the allegations with keen interest that we stumbled on reasons, why these allegations against Mr Jamoh, may have been swept under the carpet.
“Curiously, three of the EFCC Chairman’s siblings namely; Mustapha Bawa Yusuf, Bawa Hassan Ibrahim and Haruna Mustapha Bawa are enjoying ‘scholarships’ from Mr Jamoh that the EFCC ought to be investigating at that time. We wonder if this is not corruption and the negotiation for the compromise of the investigation which should have been conducted on Bashir Jamoh; that is, if something is been done in that regard at all.
“The details of how they became beneficiary is in the attached documents. We view this as an act of maladministration and abuse of office from the EFCC chairman whose brothers are being sponsored by an accused that is under his radar.
“We want President Muhammadu Buhari to step into this matter, and direct the Independent Corrupt Practices and Other Related Offences Commission, ICPC, to take over Bashir Jamoh’s case with the view to get to the root of the matter.
“We also want the National Assembly, especially the Senate to ask the EFCC chairman to step aside, while a thorough investigation is carried out to unravel the mystery behind the ‘scholarships’ given to his siblings.
“We have monitored the EFCC chairman and have discovered that he’s always playing to the gallery instead of facing the task of preventing and fighting corruption headlong.
“To buttress our stand that Abdurasheed Bawa is cherry-picking in his investigations two cases will suffice here:
“You are all aware of the corruption allegations against the Speaker of Lagos State House of Assembly, Mr Mudashiru Obasa. Apart from the sensational report in the media, up till today, more than two years after, he has not been charged and neither has the case been conclusive.
“Whereas in the case of another Assembly Speaker in nearby Ogun State, Mr Olakunle Oluomo was promptly arrested at the airport and charged to court, by the Bawa-led EFCC. Is this not a case of double standard or cherry-picking depending on who’s involved?
“Without prejudice to the ongoing case, EFCC chairman was in the news for the wrong reason recently when he was sentenced for contempt.
“A judge ruled that a Sport utility Range Rover and N40m be returned to the owner since 2017 and he declined until the judge made that consequential order that he should be arrested and sent to Kuje prison.
“He also did not obey the ruling until he got an appeal court order to vacate the ruling.”
UBA, GTCO Lose ₦2.13 billion To Fraudsters Despite Heavy Cybersecurity Investments—-Three of Nigeria’s largest financial institutions have reported combined fraud-related losses of approximately ₦2.13 billion in their latest audited financial statements, highlighting the growing threat of cybercrime and electronic banking fraud in the country’s financial sector.
The affected institutions include Access Holdings Plc, Guaranty Trust Holding Company Plc, and United Bank for Africa Plc.
According to details contained in the banks’ 2025 financial reports, fraud incidents linked to the three lenders totalled approximately ₦10.29 billion. However, through recoveries, transaction reversals, and security interventions, the banks were able to prevent or recover about ₦8.16 billion, leaving actual losses at approximately ₦2.13 billion.
Among the banks, Access Holdings recorded the highest direct loss to fraudsters, losing an estimated ₦1.24 billion within the financial year.
United Bank for Africa reported over 26,400 fraud-related incidents, with actual losses totalling approximately ₦621.57 million, while Guaranty Trust Holding Company recorded approximately ₦269.44 million in losses tied to fraudulent activities.
Industry analysts say the figures reflect the increasing sophistication of cybercriminals targeting Nigeria’s rapidly expanding digital banking ecosystem.
Most of the fraud cases were reportedly connected to electronic banking channels, including unauthorised transfers, mobile banking compromise, phishing schemes, identity theft, and other forms of digital payment fraud.
The development comes as Nigerian banks continue to accelerate the country’s transition toward a cashless economy through mobile banking platforms, internet banking services, agency banking networks, and digital payment systems.
Despite the losses, the financial institutions significantly increased investments in technology infrastructure and cybersecurity measures during the year under review.
Collectively, the banks reportedly spent over ₦280 billion on technology upgrades, fraud monitoring systems, customer authentication processes, and transaction security enhancements aimed at reducing cyber threats and protecting customer funds.
Meanwhile, the Central Bank of Nigeria has also intensified regulatory efforts to curb financial fraud across the banking industry.
The apex bank recently introduced stricter compliance measures requiring financial institutions to strengthen fraud detection systems, improve transaction monitoring, and respond more rapidly to suspicious activities and customer complaints.
Financial experts have warned that as digital banking adoption continues to rise across Nigeria, banks and customers alike must remain vigilant against increasingly advanced cybercrime tactics targeting the financial sector
Human rights lawyer Temokun has condemned the death of a detainee in the custody of the National Drug Law Enforcement Agency (NDLEA), demanding an immediate and transparent investigation into the circumstances surrounding the incident.
The lawyer described the development as alarming, linking it to a previous case in Ondo State involving prolonged detention without due process. In that earlier incident, Temokun had accused authorities of незакон detention and rights violations, insisting that suspects must be charged to court rather than held indefinitely.
He stressed that repeated allegations of unlawful detention and abuse within custody raise serious concerns about accountability and adherence to the rule of law.
Temokun called on relevant authorities to thoroughly probe the latest death, ensure justice for the victim, and prevent a recurrence of such incidents.
The NDLEA has yet to issue an official response regarding the latest allegations, as pressure mounts from legal and civil society groups for greater oversight of detention practices.
The incident adds to growing scrutiny of law enforcement agencies over the treatment of detainees and respect for fundamental human rights in Nigeria.